The forex risk calculator tool quickly calculates where to put your stops based on the amount you are willing to risk on any given trade. Simply enter the amount of your capital you are willing to risk, the currency rate at which you have entered the market and finally the contract size you are trading with. Please note: The $/pip value is $10/pip fixed per 100,000 contract size.
Stop orders allow traders to set a worst-case exit point
for a trade. If you are short a currency pair, Stop Loss orders should be
placed above the current market price. If you
are long the currency pair, Stop Loss orders should be placed below the current
market price. Stop loss orders are used to control your risk, please don't ignore them!
Risk management represents the amount of money you are going to put at risk when entering the market and is extremely important if you want to succeed forex trading.
